Israeli firms profit as Europe boosts defence spending

[WorldNews]

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As European defence budgets rise in the wake of increased threats, Israeli companies are seeing a boost in sales, further solidifying the country's image as an arms industry leader. The increases have come despite, and perhaps partly aided by, Israel's continuing occupation of Palestinian territory -- with Israeli firms themselves highlighting that their products have been tested in conflict. European spending on defence and security had remained roughly static in the past decade, but Russia's annexation of Crimea in 2014, Islamist attacks in France and a wave of refugees from the Middle East have encouraged a spike.

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